Actionable, complete and dynamic bond market pricing
Pricing information in illiquid markets is difficult to come by and even harder to define. Our AI-powered predictive pricing engine, Composite+, drives accuracy with coverage for 90-95% of global trading activity in its markets. By transforming unstructured data points into an unbiased two-way and mid-market price for over 32,000 bonds.
Marking the next generation of our AI-powered pricing suite, Composite+ Total Market leverages and expands on the Composite+ engine to deliver a price on more than 250,000 bonds, achieving 100% coverage of the bonds outstanding in its defined markets.
Incomparable data sources
Composite+ provides a more accurate reflection of the market by assessing signals from the vast MarketAxess trading system.
These signals include both transacted and indicative information, as well as unique global sources. Because our trading venue sees more credit market activity than any single participant, the quality of the information you receive is second to none.
Proprietary
Public
Complete and dynamic pricing for the entire fixed income trading lifecycle
Composite+ Total Market takes the guess work out of pricing bonds, whether you’re trading a basket, creating a portfolio, marking your book or assessing risk, by applying a trusted methodology to price formation.
Unlike other evaluated pricing tools, Composite+ Total Market puts technology at the center of its model by leveraging our award-winning AI-powered pricing engine to analyze millions of proprietary data inputs.
Total Market offers a price on even the most illiquid bonds, which is particularly useful for Portfolio Trading that puts a single price on an entire basket of bonds.
Supports index formation and portfolio construction by assessing the cost of taking a position in a bond.
Total Market allows you to mark your books, assess market risk and review fund valuation.
A full team of in-house data scientists
Ensures you can benefit from the most accurate pre-trade reference prices by providing the statistical tools you need to enhance your trading outcomes and transaction cost analysis.
Either within the trading platform or as a separate data feed, you can access prices for:
- US Investment Grade
- US High Yield
- Euro/GBP Corporates
- EM hard-currency
- Local-market Corporates and Sovereigns
- Global Extended Markets (CAD, CHF, NOK, SEK, DKK, JPY, AUD, NZD)
The choice is yours.
Industry Recognition
Download our whitepapers
Learn more about the methodology, characteristics and applications of Composite+
Composite+ for EU markets
Composite+ for EM markets
"Artificial intelligence and algorithms are setting the market price for credit, using factors and correlations humans can guess but not follow."
Innovation in electronic trading has reshaped the market for private banks and wealth managers in Switzerland. Erik Tham—Head of Private Banking for Benelux and Switzerland—discusses how data, liquidity, and efficiency have all been transformed by technology and explains how you can leverage these innovations so you can trade smarter.
Our AI-powered pricing engine, Composite+™, takes inspiration from tech giants, the Wall Street Journal profiles. "If Google can use AI to drive a car, we can price a bond with accuracy," our former CIO, Nick Themelis, highlights AI as the future of bond trading.